Nisa Investment Advisors LLC Sells 25,839 Shares of Brixmor Property Group Inc. $BRX

Nisa Investment Advisors LLC lowered its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 32.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,511 shares of the real estate investment trust’s stock after selling 25,839 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Brixmor Property Group were worth $1,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Brixmor Property Group by 18.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,760 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 1,540 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Brixmor Property Group by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 861 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Brixmor Property Group by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 333,382 shares of the real estate investment trust’s stock worth $8,851,000 after acquiring an additional 6,944 shares during the last quarter. KBC Group NV increased its holdings in Brixmor Property Group by 15.6% in the 1st quarter. KBC Group NV now owns 12,551 shares of the real estate investment trust’s stock worth $333,000 after acquiring an additional 1,692 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Brixmor Property Group by 7.8% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 79,252 shares of the real estate investment trust’s stock valued at $2,104,000 after buying an additional 5,762 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Price Performance

NYSE BRX opened at $26.18 on Friday. Brixmor Property Group Inc. has a one year low of $22.28 and a one year high of $30.67. The stock has a 50-day moving average of $27.48 and a 200 day moving average of $26.36. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 2.48 and a beta of 1.33. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.74 and a current ratio of 1.19.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. The company had revenue of $340.84 million during the quarter, compared to the consensus estimate of $335.23 million. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.Brixmor Property Group’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company earned $0.52 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. On average, sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, January 5th will be issued a $0.3075 dividend. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.23 dividend on an annualized basis and a yield of 4.7%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s payout ratio is 105.50%.

Insiders Place Their Bets

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $28.21, for a total transaction of $705,250.00. Following the completion of the sale, the insider owned 302,657 shares of the company’s stock, valued at approximately $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

BRX has been the subject of several recent analyst reports. Stifel Nicolaus cut their price objective on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. JPMorgan Chase & Co. lifted their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Wednesday, October 8th. Mizuho lifted their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Finally, Evercore ISI increased their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.69.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.